Synthetic Spider Silk Market Size, Share, Trends, Key Drivers, Development Trends and Industry Growth Outlook
The synthetic spider silk market is expected to witness market growth at a rate of 15% in the forecast period of 2021 to 2028 and is expected to reach USD 5,276.81 million by 2028. Data Bridge Market Research report on synthetic spider silk market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The high demand of the product for various industrial applications globally is escalating the growth of synthetic spider silk market.
Spider silk, also known as gossamer, refers to a sought after biomaterial, which is protein fiber made in the glands of a spider. This type of silk is considered flexible and lightweight and possesses strength similar to that of steel. The waterproof silk fibers are capable of stretching up to 40% of their original length without breaking.
The increase in demand for synthetic spider silk in defense applications across the globe acts as one of the major factors driving the growth of synthetic spider silk market. The increase in demand for the product because of its good mechanical properties such as strength and flexibility, and high use as a new biomaterial for ligament and tendon replacement or repairing and drug delivery accelerate the market growth. The deployment of the silk in athletic gears, airbags, and tire cords, among others, and the ability to manufacture the silk at room temperature without the use of chemical solvents further influence the market. Additionally, research and development activities, high use in health care applications, and easy availability of raw materials to manufacture synthetic spider silk positively affect the synthetic spider silk market. Furthermore, technological advancement in the manufacturing extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
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The major players covered in the synthetic spider silk market report are Kraig Biocraft Laboratories, Inc., AMSilk GmbH, Bolt Threads, Spiber Inc., Hellenic Silk Company, CHAMUNDI TEXTILES (SILK MILLS) LTD., Anhui Silk, ChinaTing Group Holdings Ltd, Ongetta srl ??unipersonale, KISCO LTD., Inspidere BV, Seevix., Warwick Mills, VF Corporation, TOYOTA MOTOR CORPORATION., Zhejiang Jiaxin Silk Co., Ltd., Sichuan Nanchong Liuhe (Group) Co., Ltd., ShengKun Silk Manufacturing Co.,Ltd, China Zhongsi Group Co., Ltd., Spiber Technologies, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Scope of the Synthetic Spider Silk Market Report:
The synthetic spider silk market is segmented on the basis of product type and applications. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the synthetic spider silk market is segmented into genetically modified yeast fermentation, genetically modified silkworm, and genetically modified e-coli fermentation.
- On the basis of application, the synthetic spider silk market is segmented into automotive, textile, healthcare, defense and others.
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Synthetic Spider Silk Market Regional Analysis/Insights
The Synthetic Spider Silk market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Synthetic Spider Silk market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Synthetic Spider Silk within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Synthetic Spider Silk market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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